Press Release

TUCKER, Ga.--(BUSINESS WIRE)--
GMS Inc. (NYSE:GMS), a leading North American specialty distributor of
interior building products, today announced that it has acquired the
assets of interior building products distributor Commercial Builders
Group, LLC (“CBG”) in LaPlace, Louisiana.

Since its founding in 2005, CBG has been serving commercial and
residential customers in New Orleans and surrounding southeastern
Louisiana markets. CBG operates from two facilities located in LaPlace,
LA and Walker, LA. CBG offers a full complement of interior building
products including drywall, steel studs, acoustical ceilings, insulation
and tools and fasteners.

The acquisition of CBG represents GMS’s first facilities located in the
New Orleans-Metairie, LA and Baton Rouge, LA metropolitan areas, adding
coverage of two important Top 100 metro areas nationwide. CBG will join
GMS subsidiary company Capitol Materials, Inc. (“CMI”) and its footprint
of 19 existing locations in Georgia, Alabama and the Florida Panhandle
to serve customers across the Gulf Coast.

Post-closing, the CBG operations will transition to the CMI brand. CBG
President and industry veteran David Lastrapes will transition to CMI
and continue to lead the Louisiana operations going forward.

Mr. Lastrapes commented, “The CBG team is excited for the opportunity to
join the GMS family. For the past 14 years, we’ve built our business
around a commitment to our customers and are looking forward to joining
a team that shares those same values. We’re genuinely excited for the
future of the business and our employees.”

“We are thrilled to welcome the CBG team to the GMS family and expand
our footprint on the Gulf Coast,” remarked Brad Nannen, Vice President
of the Southern Division of GMS. He added, “We’re excited to leverage
the scale, operations and service of the combined platform to continue
to grow the business, building on the momentum David and his team have
already achieved.”

About GMS:

Founded in 1971, GMS operates a network of more than 245 distribution
centers across the United States and Canada. GMS’s extensive product
offering of wallboard, suspended ceilings systems, or ceilings, and
complementary construction products is designed to provide a
comprehensive one-stop-shop for our core customer, the interior
contractor who installs these products in commercial and residential
buildings.

This press release includes "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. You can
generally identify forward-looking statements by our use of
forward-looking terminology such as "anticipate," "believe," "continue,"
"could," "estimate," "expect," "intend," "may," "might," "plan,"
"potential," "predict," "seek," or "should," or the negative thereof or
other variations thereon or comparable terminology. We have based these
forward-looking statements on our current expectations, assumptions,
estimates and projections. While we believe these expectations,
assumptions, estimates and projections are reasonable, such
forward-looking statements are only predictions and involve known and
unknown risks and uncertainties, many of which are beyond our control.
Forward-looking statements involve risks and uncertainties, including,
but not limited to, economic, competitive, governmental and
technological factors outside of our control, that may cause our
business, strategy or actual results to differ materially from the
forward-looking statements. These risks and uncertainties may include,
among other things: changes in the prices, supply, and/or demand for
products which we distribute; general economic and business conditions
in the United States; the activities of competitors; changes in
significant operating expenses; changes in the availability of capital
and interest rates; adverse weather patterns or conditions; acts of
cyber intrusion; variations in the performance of the financial markets,
including the credit markets; and other factors described in the "Risk
Factors" section in our filings with the SEC. We undertake no obligation
to update any of the forward looking statements made herein, whether as
a result of new information, future events, changes in expectation or
otherwise.